DAOs, governed by smart contracts on blockchain, enable transparent and autonomous decision-making. Members use governance tokens to vote on proposals, shaping organizational direction collectively. Participation involves acquiring tokens and engaging in decentralized governance processes. DAOs revolutionize traditional governance models, fostering inclusivity and innovation.
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Admin-created DAOs are displayed in the DAOs section, where users can view and read the full description of each DAO.
In a DAO, when users open a proposal, they can vote to like or dislike it. If likes surpass 50% of the votes, the proposal is automatically approved; if dislikes reach 50% or more, it's automatically rejected, ensuring decisions reflect community consensus.
